Before you can open a Girl Scout bank account, each account signer must:
Girl Scouts of NE Kansas & NW Missouri believes helping girls earn and manage money is an integral part of the Girl Scout Leadership Experience (GSLE). Your Girl Scout troop is responsible for planning and financing its own activities. This gives girls the opportunity to be in charge, and with your supervision and guidance, to cooperatively set goals, manage budget, spend responsibly and maintain records. They will also gain effective marketing skills, business ethic, math and financial skills. Regularly share the troop’s account activities publicly at troop meetings.
Adults are to guide the girls and coach them on how to spend their earnings in responsible ways to support their Girl Scout program.
- Keep all receipts from all GS transactions for a recommended minimum of 3 years.
- Ensure troop funds are used by the troop.
- Balance your checkbook each month by comparing receipts with the bank statement.
- Use your Girl Scout checks or debit card for all troop spending.
- Be sure all troop money goes through the troop bank account.
- Include girls on all financial decisions – It’s part of the GSLE!
- Be sure to provide an accounting of troop expenditures/deposits on a regular basis with the families in your troop. The Finance Tab in your troop’s VTK is a great place to do so.
- Deposit all money. Do not hold on to parent and customer checks or other forms of payment for more than a week
Questions? Email us.